Oil and Gas News

June 14, 2016

Nigerian oil production at historic low
Vienna (UPI) Jun 13, 2016
Nigerian crude oil production in May was the lowest in more than a decade because of militant activity in the Niger Delta, a report from OPEC said. A group calling itself the Niger Delta Avengers emerged in late spring to declare war against national and international oil companies operating in the Niger Delta. The group said it was frustrated that the government in Abuja is favoring the industry and the corresponding revenue stream over the welfare of the people living in the Niger Delta. ... read more

Previous Issues

Jun 13

Jun 10

Jun 09

Jun 08

Jun 07

Rigs returning to service in North Dakota With a gain of three, the number of rigs actively exploring for or producing oil and natural gas in North Dakota is up 12 percent from last week, data show. ... more		Norway's oil economy down, but not out Despite a rebound in crude oil prices, the Norwegian government said it expects the economic pressures from the market downturn to linger. ... more		Balance, Brexit concerns drag on oil prices Crude oil prices declined heavily in early trading Monday after OPEC data show the dynamics of global supply and demand remain unchanged. ... more
				Scotland to fund retraining for unemployed energy workers Oil and gas workers laid off during the market downturn can take part in teacher training to transition out of the energy sector, the Scottish government said. ... more		Iran confirms oil shipment for Shell A shipment of Iranian crude oil was sold to Royal Dutch Shell and talks are developing with other major oil companies, an Iranian official said Monday. ... more

Transition from Operations to Decommissioning by Preparing a Safe, Cost-Effective Shut Down and Waste Management Strategy

Jobs losses mount for British oil and gas As many as 40,000 jobs in the British oil and gas sector could vanish by the end of the year as the strains from the low price of oil mount, a group said. ... more		Attacks hit one of Nigeria's main oil pipelines Just days after a new militant group emerged, the entity calling itself the Niger Delta Avengers said it blew up one of the main oil pipelines in the region. ... more		New U.S.-European Sea Level Satellite Will Help Safeguard Ships at Sea Planet captures first light from Pelican-3 satellite as constellation expands Trump signs memorandum to deploy U.S. National Guard troops to Memphis		Russia sees economic growth as "imminent" Russia's economy could show signs of recovery by the second half of 2016, assuming an average annual oil price of $40 per barrel, the Central Bank said. ... more
				European woes dampen rally for oil prices Crude oil prices threatened to drift back below $50 per barrel Friday on concerns major world economies have yet to put the recession behind them. ... more		Russian LNG gets financial support The leader of a Russian liquefied natural gas project targeting the Asia-Pacific market said it received its first tranche of a loan from national lenders. ... more

Directed Energy And Next Generation Munitions - 20-22 June - Washington DC

The World's Largest Commercial Drone Conference and Expo - Sept 7-9 - Las Vegas

Alberta mounts low-carbon offensive Still reeling from wildfires that hampered its oil sector, Alberta's government said it was now forming a study panel to help with a low-carbon transition. ... more		BP creates Norwegian oil, gas major British energy company BP said it was teaming up with a Norwegian counterpart to create what's designed to be one of the biggest regional producers. ... more		Beijing company sets new thrust record in rocket engine test China deploys Yaogan 45 satellite on Long March 7A rocket The 10-Point Seasonal HVAC Checklist Every Homeowner Should Follow (and Why Each Item Matters)		House moves bill to ensure oil, gas pipeline safety House leaders announced the passage of a bill that would help fund federal regulatory efforts and authorize inquiries into leaks like the one in California. ... more
Russian company brings more oil online in Iraq Production from three new wells brought online at the Badra oil field add to the total daily output from OPEC-member Iraq, a Russian field operator said. ... more		Oil might not drive some economies long-term, IMF said Particularly in the Middle East and Central Asia, lessons from the slump in crude oil prices suggest a revenue overhaul may be needed, the IMF said. ... more		Statoil: New thinking needed for low-carbon economy Even under the best-case scenario, Norwegian energy company Statoil said a radical transformation is needed to advance a global low-carbon economy. ... more		Industry survey finds support for energy funds An industry survey of pension beneficiaries in the United States finds few told interviewers they would opt to move funds out of the oil and gas sector. ... more

	Texas oil and gas discoveries lower State data from Texas show fewer new drilling permits were issued for and new discoveries of oil or natural gas were made in May than last year. ... more		Oil prices drop after three straight days of gains The rally in crude oil prices lost steam Thursday as markets pulled back to assess short-term outages that may be driving some of the recent momentum. ... more

North Korea declares nuclear statehood 'permanently enshrined'

ArianeGroup to develop next-generation M51.4 missile for French nuclear deterrent

Comtech modem earns first sovereign certification for SES O3b mPOWER network

Russia's Rosneft upbeat despite profit decline		Delek defends Leviathan gas reserve potential		U.S. shale gas production grows through 2040		Oil opens above $50 per barrel for the first time this year		Nigerian militant group says it's not talking
Chinese oil demand slips		Shell surrenders Canada Arctic rights to marine park plan		Monitoring pipelines from space		Shell says it's ready for change		North American oil sector weathering storm

Don't leave energy funds, industry group says

Oil's rally beyond $50 per barrel endures

Nigeria working to distribute oil wealth

Demand pressures, refinery woes push gas prices higher

US top court rejects Ecuador challenge to $96 mln Chevron award

Suncor output to decline after Canada fires

Constructing shale gas sites

Four tremors recorded near Oklahoma shale

Moody's: Ghana could capitalize on oil and gas

North Dakota lost four rigs from last week

US top court rejects Ecuador challenge to $96 mn Chevron award

Plans evolve for New Zealand reserves

Hercules Offshore to sell assets in bankruptcy

Supply outages cause crude oil price spike

Hydraulic fracturing chemical spills on agricultural land need scrutiny

Schlumberger adds to portfolio with another acquisition

Russia not surprised by OPEC

U.S. labor data pulls oil prices back from $50

Ireland sees interest in offshore reserves

Platform build evolving for giant Norwegian oil field

Buy Advertising

Media Advertising Kit

Editorial & Other Enquiries

Privacy statement

The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.